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Reduced $12,000 (2%) from $561,900
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Ponoka · Single Family · under $600,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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4030 40 Street Close
You won’t want to miss this immaculate, like-new custom modified bi-level built by award-winning Colbray Homes in 2017. Nestled in a quiet cul-de-sac and ideally located near the walking trails and the golf course, this home is one that will check off the boxes! From the moment you step inside, you’ll be impressed by the spotless condition, high-quality modern finishes, and beautifully curated colour palette. The main level features a warm and inviting living room with a sleek fireplace, that is ideal for cozy evenings. The dining area flows effortlessly into the stunning kitchen, which boasts matching appliances, generous cabinetry, a large island, and a spacious pantry. Bathed in natural light, the space is both highly functional and stylish. Additional main-floor highlights include a convenient laundry room, a full bathroom, a generously sized second bedroom, and a spacious primary suite complete with a 4-piece ensuite and a large walk-in closet. The fully developed lower level provides even more living space, featuring two additional bedrooms, another full 4-piece bathroom, a versatile flex room, and a large family/rec room that is perfect for entertaining or relaxing. Further enhancements include central air conditioning, in-floor heating in the basement, and water conditioning equipment. Outside, you’ll discover a private oasis with an expansive covered deck overlooking a beautifully landscaped, fully fenced yard filled with mature shrubs and perennials. Raised garden beds add to the charm, making this a great space for enjoying the warmer months with family and friends.The attached double garage is complemented by an extra-large concrete parking pad in front and plenty of room for an RV on the side. This turn-key property is meticulously maintained and a true pleasure to show. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 9.58 Ft x 10.83 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Other | 5.42 Ft x 10.00 Ft | |
| Bedroom | 9.42 Ft x 12.00 Ft | |
| Other | 12.08 Ft x 14.75 Ft | |
| Family room | 15.83 Ft x 19.33 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Other | 7.67 Ft x 8.08 Ft | |
| Living room | 12.58 Ft x 13.00 Ft | |
| Dining room | 9.75 Ft x 11.83 Ft | |
| Kitchen | 11.83 Ft x 12.08 Ft | |
| Pantry | 3.92 Ft x 4.42 Ft | |
| Laundry room | 5.08 Ft x 6.25 Ft | |
| Bedroom | 10.00 Ft x 12.08 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Primary Bedroom | 11.42 Ft x 13.25 Ft | |
| 4pc Bathroom | .00 Ft x .00 Ft | |
| Other | 4.42 Ft x 7.58 Ft |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 24, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
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